Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0442%/8h= −48.5% APRpaid last 24h +0.020%

Price spread now: Pacifica against Bybit−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6235	0.1295	pay 0.0648% / 4h	3h 54m	$18.7M	$33.0M	20x
Short	Pacifica PONS	0.6234	0.0853	get 0.0107% / 1h	54m 39s	$47K	$77K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee PacificabpOrdersPrice spread, now −0.013%Rate

Funding earned: −$92.92
Price spread: −0.013% → 0.000%: −$1.28
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$113.2
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Pacifica: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	3.19 bp	23.5 bp −$23	42.7 bp −$427	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	−0.1131%	4h	0.6220	−0.241%	$1.7M	$3.2M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0030%	1h	0.6209	−0.419%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.755%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6241	+0.096%	$23K	$438K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6235	+0.003%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6202	−0.531%	$31K	$299K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6200	−0.569%	$73K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6231	−0.069%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6220	−0.239%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6227	−0.130%	$26K	$611K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.6235	+0.005%	$67K	$532K	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6227	−0.128%	$388	—	3x	as long as short
Hyperliquid PONS	+0.0270%	1h	0.6242	+0.119%	$63.9M	$30.6M	3x	as long as short
Lighter RH PONS	+0.0320%	1h	0.6236	+0.019%	$421K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0388%	4h	0.6233	−0.032%	$14.1M	$61.1M	20x	as long as short
Aster PONSUSDT	+0.0441%	4h	0.6238	+0.041%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0480%	4h	0.6242	+0.119%	$1.6M	$4.0M	20x	as long as short
Variational Omni PONS	+0.0516%	4h	0.6215	−0.313%	$1.6M	$4.3M	—	as long as short
Extended PONS-USD	+0.0608%	1h	0.6236	+0.019%	$105K	$825K	5x	as long as short
MEXC PONS_USDT	+0.0610%	4h	0.6244	+0.144%	$7.9M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0612%	4h	0.6242	+0.112%	$40.8M	$104.4M	20x	as long as short
edgeX PONSUSDC	+0.0613%	4h	0.6237	+0.033%	$21K	$290K	10x	as long as short
Bitget PONSUSDT	+0.0686%	4h	0.6240	+0.079%	$5.0M	$13.1M	20x	as long as short
BloFin PONS-USDT	+0.0852%	4h	0.6228	−0.112%	$1.8M	$1.1M	20x	as long as short
Pacifica PONSshort	+0.0853%	1h	0.6234	−0.013%	$47K	$77K	3x
Lighter PONS	+0.1264%	1h	0.6241	+0.104%	$1.7M	$843K	3x	as long as short
Bybit PONSUSDTlong	+0.1295%	4h	0.6235	long leg	$18.7M	$33.0M	20x
Phoenix PONS	+0.1405%	1h	0.6261	+0.419%	$48K	$159K	3x	as long as short
BingX PONS-USDT	+0.2020%	4h	0.6232	−0.048%	—	$3.3M	—	as long as short
Gate PONS_USDT	+0.2200%	4h	0.6227	−0.128%	$5.4M	$6.3M	20x	as long as short